Investor Mühleck accepts retail chain
Strauss Innovation is saved for now
sigh of relief among employees: The Investor Mühleck Family Office takes over the insolvent trading and lifestyle chain Strauss Innovation with nationwide 79 branches and 1,200 employees
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For the ailing fashion and lifestyle retailer Strauss Innovation is a new owner found. Around 1,200 people may initially take a deep breath. The Creditors’ Committee had decided to sell to investment company Mühleck Family Office, said Strauss Innovation on Friday in Langenfeld near Dusseldorf with. Mühleck is a long-term strategic investor who will provide the necessary capital for investment and continued growth from their own resources.
Mühleck will Strauss continue innovation with nationwide 79 branches and 1,200 employees, as well as the logistics center in Solingen, was there. The new owners have submitted to the creditors’ committee a convincing concept, explained ordered by the district court trustee Andreas Ringstmeier. End of January, Strauss had a so-called protection proceedings requested for payment difficulties to avoid insolvency.
Prior to the economic situation of the company had extremely deteriorated. Despite good consumer sentiment fell last year, retail sales by 2 percent. A spanner in the works made Strauss Innovation, which was founded in the early 20th century and its range aligns unlike many competitors on current trends and the respective season, but also the unfavorable weather conditions.
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